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Global Feed Supplements Market Size, Share, Growth, Report: By Product: Minerals, Vitamins, Proteins, Others; By Form: Dry, Liquid; By Livestock: Swine, Poultry, Ruminants, Aquaculture, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Feed Supplements Market Outlook
The global feed supplements market size was approximately USD 42.51 billion in 2023. The market is projected to grow at a CAGR of 4.3% between 2024 and 2032, reaching a value of around USD 62.63 billion by 2032.
Key Trends in the Market
Animal feed additives play a crucial role in global feed production, enhancing efficiency, health, and metabolism in various animals, notably poultry. They contribute to improved growth, feed palatability, and essential nutrient provision. With a focus on feed efficiency in animal husbandry, these additives, encompassing probiotics, enzymes, amino acids, and vitamins, facilitate nutrient digestion and absorption.
Supplements reduce feed costs for farmers while enhancing economic viability and minimising the environmental footprint of agriculture by optimising resource use and lowering greenhouse gas emissions. In the face of escalating global food demand, feed additives emerge as a sustainable solution to meet protein needs while addressing environmental concerns in livestock production.
- The feed supplements market growth is being driven by the global increase in meat consumption. Additionally, a growing awareness of the advantages of feed additives and recent disease outbreaks among animals have positively influenced the market.
- Growing consumer awareness of diseases affecting livestock, such as swine flu and foot-and-mouth diseases, has heightened concerns about meat quality and safety. This, in turn, has spurred the adoption of feed additives.
- The feed supplements market demand is expected to be fuelled in the forecast period by the rising consumption of dairy products, driven by their health benefits and versatile applications. Various regions have experienced a sudden surge in cattle farming, given that cattle are the primary source of dairy staples like milk, cream, butter, yoghurt, and cheese, among others.
Feed Supplements Market Segmentation
Based on product, the market is categorised into minerals, vitamins, and proteins, among others. On the basis of form, the market can be bifurcated into dry and liquid. The market can be segmented based on livestock into swine, poultry, ruminants, and aquaculture, among others. The major regional markets for feed supplements are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global feed supplements market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Cargill, Incorporated
- BASF SE
- Archer-Daniels-Midland Co.
- DSM B.V.
- Ridley Corporation Ltd.
- Alltech Inc.
- Kemin Industries, Inc.
- Chr. Hansen Holding A/S
- Kent Nutrition Group, Inc.
- Others
Market Share by Product
As per the feed supplements market analysis, proteins such as amino acids secure a considerable share of total revenue during the historical period. Their prominence is attributed to their immune-boosting and growth-promoting capabilities, preventing various issues in animals such as skin problems and cerebral dysfunction.
Amino acids are poised to experience high demand in the forecast period as both a feed supplement and a pet food ingredient. Meanwhile, vitamins like A, D, E, K, and riboflavin are essential supplements in livestock feeds, supporting animal health and reproduction, and are gaining traction due to increased consumer awareness of their benefits.
Market Share by Region
The Asia Pacific secures a significant portion of the feed supplements market share during the historical period. This can be attributed to the region's abundant livestock population and diverse agricultural economies. Key players are anticipated to enhance their poultry feed portfolios to align with changing consumer preferences toward increased meat consumption.
In Europe, the market is innovation-driven and subject to stringent regulations concerning human health and environmental well-being, leading to frequent changes in product guidelines. Free trade agreements within the European Union are expected to positively impact the market growth. Spain's swine industry is experiencing significant growth due to lowered product prices, reduced hog production costs, increased efficiency, and a surge in pork exports. The growing swine population is driving demand for animal feed, contributing to market expansion.
In North America, particularly the United States, rising meat consumption and stringent regulations on meat quality are key market drivers. The presence of robust milling and pet food manufacturing sectors is expected to further boost the product demand. Increasing health consciousness among consumers, growing per capita meat consumption, and the abundance of raw materials like maize and dextrose are also likely to support the market expansion in the forecast period.
Competitive Landscape
Cargill, Incorporated, a global leader, connects farmers with markets, customers with essential ingredients, and families with daily necessities, promoting a sustainable food system. With 160,000 team members, Cargill prioritises innovation, empowering communities for 158 years. It also prioritises people, upholds high standards, and embraces responsibility. As a family company, Cargill provides vital food, agricultural solutions, and industrial products, fostering prosperity for farmers, delighting customers with quality ingredients, and ensuring essential products for families globally.
BASF SE creates sustainable chemistry, aligning economic success with environmental protection and social responsibility. With over 111,000 employees globally, BASF serves customers in diverse sectors worldwide. The company's portfolio includes chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. In 2022, BASF achieved €87.3 billion in sales. Traded on the Frankfurt Stock Exchange (BAS) and as American Depositary Receipts (BASFY) in the U.S., BASF prioritises a sustainable future through innovation and responsibility.
DSM B.V., a part of dsm-firmenich since May 2023, is a global leader in health and nutrition, leveraging bioscience to enhance the well-being of people, animals, and the planet. Driven by a purpose to create brighter lives, DSM develops innovative solutions addressing significant global challenges while generating economic, environmental, and societal value. With a dedicated team of nearly 30,000 professionals, DSM aims to be a positive force for good, contributing to a sustainable impact on people and the planet.
Other feed supplements market players include Archer-Daniels-Midland Co., Ridley Corporation Ltd., Alltech Inc., Kemin Industries, Inc., Chr. Hansen Holding A/S, and Kent Nutrition Group, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Form |
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| Breakup by Livestock |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Feed Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Feed Supplements Historical Market (2018-2023)
8.3 Global Feed Supplements Market Forecast (2024-2032)
8.4 Global Feed Supplements Market by Product
8.4.1 Minerals
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Vitamins
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Proteins
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Feed Supplements Market by Form
8.5.1 Dry
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Liquid
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Feed Supplements Market by Livestock
8.6.1 Swine
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Poultry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Ruminants
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Aquaculture
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Feed Supplements Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Feed Supplements Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Feed Supplements Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Feed Supplements Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Feed Supplements Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Feed Supplements Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cargill, Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BASF SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Archer-Daniels-Midland Co.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications 23r4r3
15.2.4 DSM B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Ridley Corporation Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Alltech Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kemin Industries, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Chr. Hansen Holding A/S
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Kent Nutrition Group, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Feed Supplements Market: Key Industry Highlights, 2018 and 2032
2. Global Feed Supplements Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Feed Supplements Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Feed Supplements Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Global Feed Supplements Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Global Feed Supplements Historical Market: Breakup by Livestock (USD Billion), 2018-2023
7. Global Feed Supplements Market Forecast: Breakup by Livestock (USD Billion), 2024-2032
8. Global Feed Supplements Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Feed Supplements Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Feed Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Feed Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Feed Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Feed Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Feed Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Feed Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Feed Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Feed Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Feed Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Feed Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Feed Supplements Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 42.51 billion.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 62.63 billion by 2032.
The major market drivers include increasing meat consumption, along with growing concerns regarding disease outbreaks in animals.
Growing demand for animal protein and poultry products, including eggs, and increasing investments in the poultry sector are acting as key trends aiding the market growth.
North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa are the major regional markets for feed supplements.
The major products considered in the market report are minerals, vitamins, and proteins, among others.
The key players in the market are Cargill, Incorporated, BASF SE, Archer-Daniels-Midland Co., DSM B.V., Ridley Corporation Ltd., Alltech Inc., Kemin Industries, Inc., Chr. Hansen Holding A/S, and Kent Nutrition Group, Inc., among others.
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